Tax on foreign investment product

I have a life insurance policy in India. The structure of the policy is I pay a fixed amount every year for the first 5 years. This amount is invested by the insurance provider in mutual funds. From 6th year onwards, I can withdraw the amount or keep it invested for another specified number of years. The insurance provider would also add loyalty amounts at regular intervals if I keep it invested for longer periods and this loyalty amount is also invested in mutual funds. On maturity of the policy, the insurance provider will pay me the value of the portfolio. Could you please advise how this will be taxed? Will this be capital gains tax or some other income type?

Hi,
If you are resident in the UK at the time of the disposal, then they would be subject to UK Capital Gains Tax.  
If the gain exceeds the annual exempt allowance, this gain would be declared either using the online Capital Gains Tax service or in the foreign page of the Self Assessment tax return.  
You may also be able to claim relief for tax paid in another country.
Thankyou.